Asked by Hanoi Sanchez on Jun 25, 2024
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Financial Statement
An organized log of economic actions and the financial situation of a firm, an individual, or any other unit.
Permanent/Temporary
Pertaining to accounts in accounting where permanent accounts are balance sheet accounts that carry over balances into the next financial period, and temporary accounts are reset or closed to equity through retained earnings at the end of a period.
- Build expertise in the breakdown of accounts based on their core nature and standard balance amounts.
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XA
